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SEGMENT REPORTING
 12 Months Ended
Feb. 01, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s reportable segments are based on the financial information the chief operating decision maker (“CODM”) uses to allocate resources and assess performance of its business.

During the second quarter of Fiscal 2023, to leverage the knowledge and experience of our regional teams to better drive brand growth, the Company reorganized its structure and now manages its business on a geographic basis, consisting of three reportable segments: Americas; Europe, the Middle East and Africa (EMEA); and Asia-Pacific (APAC). Corporate functions and other income and expenses are evaluated on a consolidated basis and are not allocated to the Company’s segments, and therefore are included as a reconciling item between segment and total operating income (loss). The Americas reportable segment includes the results of operations in North America and South America. The EMEA reportable segment includes the results of operations in Europe, the Middle East and Africa. The APAC reportable segment includes the results of operations in the Asia-Pacific region, including Asia and Oceania. Intersegment sales and transfers are recorded at cost and are treated as a transfer of inventory. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance. All prior periods presented are recast to conform to the new segment presentation.

The group comprised of the Company’s (i) Chief Executive Officer, (ii) Chief Operating Officer, and (iii) Chief Financial Officer functions as the Company’s CODM. The Company’s CODM manages business operations and evaluates the performance of each segment based on the net sales and operating income (loss) of the segment. The CODM considers actual performance relative to expectations, and growth potential to determine the appropriate allocation of resources to each segment.

Net sales by segment are presented by attributing revenues on the basis of the segment that fulfills the order. Operating income (loss) for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributed to the segment. Corporate/other expenses include expenses incurred that are not directly attributed to a reportable segment and primarily relate to corporate or global functions such as design, sourcing, brand management, corporate strategy, information technology, finance, treasury, legal, human resources, and other corporate support services, as well as certain globally managed components of the planning, merchandising, and marketing functions.

The Company reports inventories by segment as that information is used by the CODM in determining allocation of resources to the segments. The Company does not report its other assets by segment as that information is not used by the CODM in assessing segment performance or allocating resources.
The following tables provide the Company’s segment information as of February 1, 2025 and February 3, 2024, and for Fiscal 2024, Fiscal 2023 and Fiscal 2022.
Fiscal 2024
Americas (1)
EMEAAPACTotal
Net Sales$4,027,514 $770,519 $150,554 $4,948,587 
Cost of sales, exclusive of depreciation and amortization
1,436,161 285,734 52,031 1,773,926 
Store occupancy (2)
327,458 114,664 33,545 475,667 
Fulfillment (2)
403,114 83,832 19,306 506,252 
Other expense (3)
650,288 176,468 57,683 884,439 
Segment income (loss)$1,210,493 $109,821 $(12,011)$1,308,303 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(567,483)
Operating income
$740,820 
Interest expense (income), Net(27,857)
Income before taxes$768,677 
Depreciation and amortization$85,207 $25,070 $7,975 $118,252 
Depreciation and amortization not attributed to segments35,521 
Total depreciation and amortization
$153,773 
Capital expenditures$99,571 $17,764 $15,240 $132,575 
Capital expenditures not attributed to segments50,328 
Total capital expenditures$182,903 
Fiscal 2023
Americas (1)
EMEAAPACTotal
Net Sales$3,455,674 $687,095 $137,908 $4,280,677 
Cost of sales, exclusive of depreciation and amortization1,279,050 259,347 48,868 1,587,265 
Store occupancy (2)
312,340 120,118 30,982 463,440 
Fulfillment (2)
353,538 72,610 17,505 443,653 
Other expense (3)
570,454 153,804 51,111 775,369 
Segment income (loss)$940,292 $81,216 $(10,558)$1,010,950 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(526,279)
Operating income
$484,671 
Interest expense (income), Net372 
Income before taxes$484,299 
Depreciation and amortization$73,779 $26,782 $5,921 $106,482 
Depreciation and amortization not attributed to segments34,622 
Total depreciation and amortization
$141,104 
Capital expenditures$78,062 $26,019 $4,331 $108,412 
Capital expenditures not attributed to segments49,385 
Total capital expenditures$157,797 
Fiscal 2022
Americas (1)
EMEAAPACTotal
Net Sales$2,920,157 $658,794 $118,800 $3,697,751 
Cost of sales, exclusive of depreciation and amortization1,262,429 287,618 43,166 1,593,213 
Store occupancy (2)
299,678 105,868 39,831 445,377 
Fulfillment (2)
356,506 69,466 18,563 444,535 
Other expense (3)
518,099 150,657 46,347 715,103 
Segment income (loss)$483,445 $45,185 $(29,107)$499,523 
Operating loss not attributed to segments:
Corporate and other unallocated expenses (4)
(406,875)
Operating income
$92,648 
Interest expense (income), Net25,632 
Income before taxes$67,016 
Depreciation and amortization75,231 21,497 8,123 $104,851 
Depreciation and amortization not attributed to segments27,392 
Total depreciation and amortization$132,243 
Capital expenditures102,030 32,206 1,249 $135,485 
Capital expenditures not attributed to segments29,081 
Total capital expenditures$164,566 
(1)Includes the U.S., Canada, and Latin America. Net sales in the U.S. were $3.8 billion, $3.3 billion, and $2.8 billion in Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively.
(2)Included in selling expense on the Consolidated Statements of Operations and Comprehensive Income (Loss).
(3)Other expense includes store payroll, other direct store controllable and marketing expenses included in selling expense, as well as allocated and support related expenses included in general and administrative expense on the Consolidated Statements of Operations and Comprehensive Income (Loss).
(4)Corporate and other unallocated expenses represent corporate overhead expenses that have not been allocated to any segment.

(in thousands)February 1, 2025February 3, 2024January 28, 2023
Assets
Inventories
Americas$463,148 $372,371 $404,040 
EMEA88,728 77,125 80,447 
APAC23,129 19,970 21,134 
Total inventories$575,005 $469,466 $505,621 
Assets not attributed to Segments2,724,882 2,504,767 2,207,479 
Total assets$3,299,887 $2,974,233 $2,713,100 

The Company’s long-lived assets and intellectual property, which primarily relates to trademark assets associated with the Company’s global operations, by geographic area as of February 1, 2025, February 3, 2024, and January 28, 2023 were as follows:
(in thousands)February 1, 2025February 3, 2024January 28, 2023
Americas (1) (2)
$991,673 $897,315 $929,381 
EMEA (3)
292,285 288,967 317,712 
APAC114,388 50,324 49,771 
Total$1,398,346 $1,236,606 $1,296,864 
(1)Includes the U.S., Canada, and Latin America. Long-lived assets and intellectual property located in the U.S. were $965 million, $880 million, and $911 million as of February 1, 2025, February 3, 2024, and January 28, 2023 respectively.
(2)Includes intellectual property of $2.9 million, $2.9 million, and $3.4 million at February 1, 2025, February 3, 2024, and January 28, 2023, respectively.
(3)Includes intellectual property of $16.6 million, $17.4 million, and $18.3 million at February 1, 2025, February 3, 2024, and January 28, 2023, respectively.
Brand Information

The following table provides additional disaggregated revenue information, which is categorized by brand, for Fiscal 2024, Fiscal 2023 and Fiscal 2022 were as follows:
(in thousands)Fiscal 2024Fiscal 2023Fiscal 2022
Abercrombie
$2,556,434 $2,201,686 $1,734,866 
Hollister
2,392,153 2,078,991 1,962,885 
Total$4,948,587 $4,280,677 $3,697,751